Worse Before Better First China announced restrictions on rare earth exports, then President Trump announced 100 percent tariffs and software restrictions starting 1 November in retaliation, until he signaled everything was just a bad day. China then sanctioned a U.S. shipping subsidiary. Some in Europe want to shrink like a violet amidst all of this tit-for-tat positioning ahead of Trump – Xi negotiations but that just reinforces an already belittled view of Europe. USTR Jamison Greer seems to think Beijing knows it “overstepped” on the rare earths policy, but that is as flawed as thinking Trump always chickens out (TACO). It is a long and serious game in which U.S. farmers should prepare to see only cookie crumbs. ...
Accountability and a comprehensive approach to export programming
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Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...